Etihad Etisalat (Mobily) said its network in the holy sites across Saudi Arabia had registered a massive growth in data volumes that were transmitted during the Hajj season this year.
According to the statistics released by the co
Mobily, Saudi Arabia's second-biggest telecom operator, posted a better-than-expected 33.5 percent rise in second-quarter net profit on higher broadband revenue and more post-paid voice customers.
Mobily, also known as Etihad Etisalat,
The shares of Saudi Arabia's Etihad Etisalat (Mobily) surged almost 10 per cent, helping the main index close higher as global markets rally to record highs and oil prices rise.
Mobily soared 9.78 per cent and Al-Rajhi Bank gained 3.24
Etihad Etisalat (Mobily), Saudi Arabia's second-largest mobile phone operator, said on Saturday it expects its market share to rise above 40 per cent in 2008 despite the arrival of a third operator.
The company had 11.1 million customers a
Etihad Etisalat (Mobily) posted a 30 per cent rise in first-quarter profit on growth of its mobile phone business, but missed all analysts' forecasts as it braces for greater competition in Saudi Arabia.
Mobily made SR326 million ($86.9 mi
Saudi mobile phone operator Etihad Etisalat (Mobily) has agreed to buy 99.9 percent of local data provider Bayanat al-Oula for 1.5 billion riyals ($400 million).
Bayanat is one of two firms licensed to deploy a WiMax wireless Internet acce